PRICES: $ 1 Corn

The Administration finally last week summoned
its courage and imposed an approximate $1 ceiling on the nation's
biggest single farm commoditycorn.

The action made sense even to the greedy Farm Bloc. For by holding corn
around its present price, the Administration aimed also to maintain the
current corn-hog ratio at a point which encourages turning corn into
hogs instead of into cash.* Since 80% to 90% of the corn crop normally
goes into hogs on the farm anyway, most farmers will not be penalized
by the new ceiling because hog prices are pegged so high that
corn-on-the-hoof sells at around...